The New York Jets announced the team has completed a trade with the Indianapolis Colts for the No. 3 pick in the first round of the 2018 NFL draft.

In return, the Jets will give the Colts the No. 6 overall pick and three second-round picks – the 37th and 49th overall picks in this year’s draft and one in 2019.

With the move, the Jets leapfrog both the Denver Broncos (No. 5) and the Cleveland Browns' second pick (No. 4), potentially positioning themselves to take one of the quarterbacks in consideration for the top picks: USC's Sam Darnold, UCLA's Josh Rosen, Wyoming's Josh Allen or Oklahoma's Baker Mayfield.

The division-rival Buffalo Bills also loomed as a team with the potential to move up the draft board after jumping to the No. 12 overall pick in an earlier trade with the Cincinnati Bengals, though Bills general manager Brandon Beane said the team was not necessarily planning to do so.